Is Your Home in a Bubble?

By

Nancy Nall Derringer

Updated Nov. 21, 2004 12:01 a.m. ET

By the looks of it, home prices nationally will finish the year on a strong note, up about 7%, according to the National Association of Realtors. But those numbers haven't assuaged the public's worry that real estate is another bubble waiting to burst.

Federal Reserve Chairman Alan Greenspan seems to understand the concerns. In October, he called a severe drop in U.S. home prices unlikely but said that some "local economies may...